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Four insurers are common front in support of the transit project in Quebec


Andrea Lubeck

April 17, 2018 11:30

A group bringing together The Capital insurance and financial services, SSQ Assurance, iA financial Group and Desjardins financial Security together to give their support to the transit project structuring in the region of Quebec. The lack of labor is what drives the top leaders of these insurers, whose headquarters is located in Quebec city, to do the advocacy.

As well, Jean St-Gelais, chairman of the board and chief executive officer of The Capital, Jean-François Chalifoux, president and CEO of SSQ Insurance, Yvon Charest, president and chief executive officer at ai and Gregory Crispin, senior vice-president, wealth management and life and health insurance, Desjardins group and president and chief operating officer at Desjardins financial Security have all signed the letter of support.

“There is no doubt for us that, beyond the political considerations, and environmental, transit system performance is first and foremost a powerful tool for economic development, says the group. We are a people of numbers, people results. The equation is simple : greater mobility leads to better attractiveness, an essential element in the prosperity. “

Stake of labor

“Our businesses are experiencing strong growth. A momentum that comes with its share of challenges, of which the most important one of attracting a labour force of quality. We have understood that the quality of life of our employees is a central element, which we do have, however, not all the keys “, say the signatories.

They add that mobility is a regional issue of concern, and is unlikely to be conducive to enhance recruitment. The commissioning of a tram and a better coverage of the suburbs pallieraient the problem of the scarcity of parking spaces and the deficient service of the transit network current.

The group argues that more than one person in ten in the Quebec city region working in the insurance industry, with over 22 000 people. Nearly $ 2.5 billion in wages are paid every year.

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